First Financial Bancorp. (NASDAQ:FFBC) – Investment analysts at FIG Partners issued their Q1 2018 EPS estimates for shares of First Financial Bancorp. in a research note issued to investors on Wednesday. FIG Partners analyst J. Rodis expects that the bank will earn $0.36 per share for the quarter. FIG Partners also issued estimates for First Financial Bancorp.’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.46 EPS and FY2018 earnings at $1.69 EPS.
A number of other equities research analysts have also weighed in on FFBC. Keefe, Bruyette & Woods restated a “hold” rating and issued a $27.00 price objective on shares of First Financial Bancorp. in a report on Monday, April 10th. Zacks Investment Research upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, April 11th. ValuEngine upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a report on Wednesday, May 31st. Finally, BidaskClub upgraded shares of First Financial Bancorp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. First Financial Bancorp. has an average rating of “Hold” and an average price target of $28.63.
WARNING: This story was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.com-unik.info/2017/08/19/first-financial-bancorp-nasdaqffbc-forecasted-to-post-q1-2018-earnings-of-0-36-per-share-updated.html.
Shares of First Financial Bancorp. (NASDAQ FFBC) traded up 1.17% during trading on Monday, reaching $25.95. 40,143 shares of the company’s stock traded hands. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 17.19 and a beta of 1.18. The company’s 50-day moving average is $27.33 and its 200 day moving average is $27.29. First Financial Bancorp. has a 52-week low of $20.55 and a 52-week high of $29.80.
First Financial Bancorp. (NASDAQ:FFBC) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.01. First Financial Bancorp. had a net margin of 24.28% and a return on equity of 10.65%. The business had revenue of $85.97 million during the quarter, compared to analyst estimates of $89.52 million. During the same quarter last year, the company posted $0.36 earnings per share.
Several large investors have recently made changes to their positions in the company. Guggenheim Capital LLC acquired a new stake in shares of First Financial Bancorp. during the fourth quarter worth $667,000. Norges Bank acquired a new stake in shares of First Financial Bancorp. during the fourth quarter worth $17,149,000. Teachers Advisors LLC raised its stake in shares of First Financial Bancorp. by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 101,896 shares of the bank’s stock worth $2,899,000 after buying an additional 2,465 shares during the last quarter. Bank of Montreal Can raised its stake in shares of First Financial Bancorp. by 50.3% in the first quarter. Bank of Montreal Can now owns 5,580 shares of the bank’s stock worth $153,000 after buying an additional 1,867 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of First Financial Bancorp. by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the bank’s stock worth $694,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 67.23% of the company’s stock.
In other news, insider C Douglas Lefferson sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $25.69, for a total value of $1,027,600.00. Following the completion of the sale, the insider now directly owns 74,170 shares in the company, valued at approximately $1,905,427.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.88% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be issued a $0.17 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.65%. First Financial Bancorp.’s payout ratio is 45.03%.
First Financial Bancorp. Company Profile
First Financial Bancorp. (First Financial) is a regional bank holding company. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The range of banking services provided by First Financial to individuals and businesses include commercial lending, real estate lending and consumer financing.
What are top analysts saying about First Financial Bancorp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Financial Bancorp. and related companies.